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Imagination TV, Inc. IMTV
Posted On: 08/02/2012 8:26:32 AM
Post# of 45510
Posted By: erasol2

This may be offtopic a lil


Anyone see the KCG (NITE) problems yesterday? Wasn't regarding this stock, but a lot of the NYSE and other stock exchanges had a error with NITES software.


I wonder if this will have any impact on its short positions as a whole. They lost 440M pre tax yesterday in those erroneus trades. I doubt it will impact this stock at all but its interesting to see. NITE is one of the few big players in all pennies including ICPA at the moment.


They may have to get more cash on hand to remain compliant. Maybe they will close out short positions before they get to out of hand now. Very interested to see if NITE remains business as usual or if their will be any significant impact from that.














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